While World Bank President declares the benefits of a “bigger and better” Bank, the scandal of alleged child sexual abuse and cover up relating to IFC investments in Bridge Academies demonstrates the urgent need for the Bank to establish a robust remedy framework.
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.
Initial financing for Costa Rica, Barbados, Rwanda, Bangladesh and Jamaica tied to efforts to ‘green’ PPP frameworks.
New World Bank guidance on PPP legal frameworks evidence of institution’s continued reliance on PPPs as key to addressing SDG financing gap despite well-documented failures. Previous World Bank PPP contracts template criticised for incompatibility with human rights norms.
Civil society ramps up calls to move away from public-private partnerships (PPPs) with Santiago Declaration for Public Services.
World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.
Civil society day of action rejects corporate agenda and greenwashing in World Bank and IMF Covid-19 recovery.
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
Notes from the virtual Spring 2021 Civil Society Policy Forum on 25 March 2021.
World Bank plans to publish latest DBR in March and undertake an external review of the report’s methodology.